What about using Bitcoin as a currency? If everyone were just focused on hold, would that mean we are smart and send a message to the world that Bitcoin is not a currency but a form of digital gold? Of course, there are those who invest in BTC and are not interested in anything more than profit, but they will also make a sale sooner or later - so it is only a matter of time before most of the coins will pass into the hands of large investors.
I think a good balance should be found between hold and using BTC as a means of payment. We can often hear that someone was very stupid to pay for 2 pizzas as much as 10 000 BTC, but there is no point in thinking that way - money in any form exists to be spent, there is no point in just stacking it.
I agree.
Once bitcoin reaches a higher fiat price, 20-30 times (perhaps 1 or 2 orders of magnitude more) from here and becomes more stable with less room for appreciation, close to equilibrium, I think that will be the point where more commerce occurs. Likewise, at that point there will be more people remaining in bitcoin, instead of doing fiat conversions. Commerce and capital protection and appreciation are just some of many uses, that is the nice thing about bitcoin and freedom, everyone can make their own decisions without some centralized group controlling them.
As far Laszlo goes, I agree too. And anyone who knows him, knows he's anything but stupid.
